Backbench and opposition MLAs in the province are allowed to hold other jobs.
He was lauded as a hero for helping to end the 2014 attack on Parliament Hill.
Brian Gallant hasn't decided if he'll stay on as Liberal leader.
"I believe our province can be in first place in all categories. And I believe that opportunity is right before us today."
No opposition member is willing to serve as Speaker when the legislature resumes next week.
The People's Alliance has offered to prop up a Tory government.
Party leader Kris Austin is promising "stability."
"He does not have a mandate to govern."
His party won 21 seats in the provincial vote, while Tories won 22.
PCs won 1 more seat than the governing party.